4.1.5 Trading blocs and the World Trade Organisaton (WTO)

When EU ftas established, it ftas a common market. EU citiens can ftork in any country in the EU

 Throu h eo raphical and occupatonal mobility of labour
 Wage and price inflexibility in labour numbers (I like Dou hnuts)
 Fiscal transfers used to even out re ional economical unbalances

But they can complement tradin system and WTO strives to ensure non-members can trade
freely and easily ftith members of a trade bloc